Cotton futures settled on Thursday at a 2-1/4-year low on speculative sales as bumper supplies and a shaky global economy kept market bears firmly in control, analysts said.
July cotton on the ICE Futures U.S. exchange slipped 0.32 cent to finish at 76.65 cents per lb., trading from 76.26 to 78.23 cents. It was the lowest close for the spot cotton contract since February 2010, Thomson Reuters data showed.
Apparel
There's a new epidemic spreading throughout Hollywood-many celebrities have caught baby fever (and to the best of my knowledge this has nothing to do with 50 Shades of Grey).
It’s hard for the cotton market to ignore nearly 74 million bales of supply. That’s one reason why cotton analysts say cotton futures dropped precipitously in early May, despite China continuing to buy cotton to add to its reserves.
It is an old adage in Washington that it is hard to take two steps forward without also taking one step back.
The 15 May entry into force of the US-Colombia Free Trade Agreement (FTA) provides the U.S. apparel industry with a front row seat on this particular Washington two-step.
Riverside, California-based Gorilla Marketing, a premier promotional products company, is helping companies expand brand awareness with the latest trends in summer apparel for branded clothing.
American Apparel, a vertically integrated manufacturer, distributor, and retailer of branded fashion-basic apparel headquartered in Los Angeles, announced financial results for its first quarter ended March 31, 2012.
A free-trade agreement between the United States and Colombia will go into effect on Tuesday, May 15. The U.S.-Colombia Trade Promotion Agreement (CTPA) will remove duties and tariffs on many of the goods exchanged between Colombia and the U.S., the Latin American country's largest trading partner.
SanMar Corporation, a leading industry supplier of apparel and accessories headquartered in Issaquah, Wash., announced the opening of its Minneapolis warehouse. Taking a new two-step approach, SanMar is opening a temporary facility now to more quickly serve its customer needs while waiting for construction to be completed on a full-scale warehouse, opening summer 2013.
If you are familiar with my blog, then you know I live for sarcasm—especially when celebrities are involved. However, this week, I'd like to get serious. Last Friday, Beastie Boys rapper Adam Yauch (aka MCA) passed away after a three-year battle with cancer of the parotid salivary gland. He was only 47.
American Apparel Inc., the vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced preliminary sales for the month ended April 30, 2012.